Foundation Securities Form Stock Sample

7/27/2019 Foundation Securities Form Stock Sample

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~Foundationy)Securities

FOUNDATION

EDGE~A Fauji Foundation Group Company

ONLINESTOCKS& COMMODITIESTRADING

ACCOUNT OPENING FORM.SAMPLE



~Foundationr)Securities

[Please tick ("") appropriate box]

Nature of Account

Nature ofAccount

(Please use BLOCK LETTERS to f il / the form)

r.J!I"J"'I~'1ioI.oImm-.- --. ~ ~._-

1.Name I Title of Account (as per CNIC):

2. Father's I Wusl3afle!'s Naml':.

3. Date of Birth:

4. Nationality:

5. Permanent Address:

6. MailingAddress:

7. Computerized National Identity Card N°:In case o f non-residen t, p lease provide passport copy and No.

8. NTN No. (opt ional )

9. (a) Office Tel:

(d) Fax No. I (e) E-mail:(g) Status: Resident ~ Non -Resident 0

~~II~.~:['I~


2. Father's I Husband's Name:

3. Date of Bi rth:

4. Nationality:

5. Permanent Address: .~6. Mailing Address: ~

(b) Home Tel:

/ '.8 . NTN No. (optional )

9. (a) Office Tel:

(d) Fax No. "

(g) Status: .resident 0

(e) E-mail:

Non - Resident 0[otI!II~['I"'II~'~~

6 7- k~/L

(f)Occupation:

(h) Gender: Male~ Female 0

(c) Mobile:

(f) Occupation:

(h) Gender: Male0 Female 0F"

In the event of death of the Account Holder, the Nominee shall be entitled to receive securities/cash available in the account of the AccountHolder after set-off against losses and liabi li ties in the account. Incase of Joint Account, the survivor shall be enti tled to receive securi ties /cashavailable in the account of the Account Holders, after set off /adjustment against losses and liabili ties in the account..1. Name of Nominee:

2. Father's I tlc.t.t..!II.d's Name.

3. Relationship with Ale Holder:

4 . Computerized National Identi ty Card No:in case of non-resident, please provide passport copy and No.

5. Date of Birth:

6. Posta l Address: l' u...J7. E-mail:

Signatures:

~~~ccount Holder Joint Account Holder Broker

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SAMPLE



~Foundationr)Securities

[Please tick ('") appropriate box)

Nature of Account

Nature ofAccount

(Please use BLOCK LETTERS to f il l the form)

"-\d"J"~I~IIr.'~:.J:.Jmm =~o- ~-~.


2. Father's I WusbaFtE!'s Namc.

3. Date of Birth:

4. Nationality:


6. MailingAddress:

7. Computerized National Identity Card N°:In case o f non-residen t, p tease provide passport copy and No.

8. NTN No. (opt ional )

9. (a) Office Tel:

(d) Fax No. I (e) E-mail:

(g) Status: Resident Q'" Non-Resident 0~.II~.~:[.I~


2. Father's I Husband 's Name:

3. Date of Bi rth:

4. Nationality:

5. Permanent Address: .~6. Mailing Address: ~

(b) Home Tel:

/ ,8. NTN No. (optional )

9. (a) Office Tel:

(d) Fax No. -(g)Status: .resident 0

(e) E-mail:

Non - Resident 0

C 'NOMINEEDETAIl!S

{,7- k ~IL

'If) Occupation:

(h) Gender: Male ~ Female 0

(c) Mobile:

(f) Occupation:

(h) Gender: Male0 Female 0a

In the event of death of the Account Holder, the Nominee shall be entitled to receive securities/cash available in the account of the AccountHolder after set-off against losses and liabi li ties in the account. Incase of Joint Account, the survivor shall be enti tled to receive securi ties /cashavailable in the account of the Account Holders, after set off /adjustment against losses and liabili ties in the account.

1. Name of Nominee: iJ LJ.J1Ct 1./,1 C"'(" /J--r,...j

£l3. Relationship with Alc Holder:

4 . Computerized National Identi ty Card No:in case o fnon-resident , p lease provide passport copy and No.

2. Father's / +tl],!obllnd's Name.

5. Date of Birth:

6. Postal Address: l' u..J7.E-mail:

Signatures:

~~~ccount Holder Joint Account Holder Broker

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SAMPLE



.lFoundation

)JSecu rities

0"".

rJJointly D

1. (c)Address:

1. (d) Computerized National Identity Card No:

1. (e) Office Tel:

2.Name:

2. (b) Singly D2. (c)Address:

Jointly D


2. (e) Office Tel:

3.Name:

3. (b) Singly D Jointly D

3. (c)Address:


3. (e) Office Tel:

Registered Office Address:

Company I Firm Registration No.:

STATUS: (a) ResidentD (b) Non Resident D

The company Le. (the Account Holder) hereby declares that:

(a) It h as not applied to be adjudicated as an insolvent and that ilh ot suspended payment and that it has not compounded with its creditors

(b) I t is not un-discharged insolvent; and

(c) It has not been declared defaulter in repayment of loan(s) of a banks I financial institutions.

Address:

Phone: Fax:

E-mail:

Signatures:

\

Joint Account Holder Broker

2

SAMPLE



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- J.Foundationy)Securities

...J.,,,,,,,,.

(b)

(c)

(d)

(e)

The authority of the person (s) authorized to operate the account wil l be clearly spelled out in the letter of authorization/ Board Resolution fromthe Account Holder.

The Account Holder(s) hereby undertakes to deposit and maintain 30% margin against his / her / their outstanding trades / exposures for thepurpose of trading in his/her/their account. The Account Holder(s) shal l be responsible to ensure that the Margin shall be either in cash or insecurities approved by the broker for the purpose of margin deposit and which are in a state and form whereby they can be marketed, deliveredand transferred- The shares deposited as margin shal l be subject to Hair Cut as stipulated in the prevail ing Regulations of Karachi StockExchange (Guarantee) Ltd. The Account Holder(s) undertake(s) to comply wi th the directions of the broker for regularization of any defect,mistake, discrepancy of any matter in respect of the Securities deposited as Margin. The Broker shall notify the Account Holder(s) about anychange in the above Margin requirements for the already executed trades and/or for future trades at least 3 (three) days prior to theimplementation of the revised margin requirement. This is without prejudice to the Broker's right to call additional cash or Sectjri ties as Marginwithin' one-business day and to liquidate the Account Holder(s) outstanding posi tions as mentioned in Clauses 6 and 8 of the Special Terms

and Conditions appended herein below.-- - ----

Instructions to Broker (please stri

.mu. w ~ .,

Clause 3 of the special terms and conditions reproduced herein:The Broker shall be authorized to act on the verbal instructions of the Account Holder(s). The Broker shall provide a written confirmation of theexecuted transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by the Brokerin his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 5

below. 0 .tI\J :'-'JU..~~..,...

Signature(s) of Account Holder: - ~.J.ur. 4

Clause 3 of the special terms and conditions reproduced herein:The Account Holder(s) may also give written instructions for the sale of securities to the Broker. The Broker shall provide a written confirmationof the executed transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactions recorded by theBroker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/ them, subject toClause 5 below.

Signature(s) of Account Holder:

Confirmation of Trade and Delivery of Mail

Confirmations of trades and other correspondencemay please be sent to:

Fax No:

/('

Signatures:

~~~~.

~~ 'Ac ntHolder Joint Account Holder Broker

3

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SAMPLE



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!Foundationy)Securities

IMPORTANT

Please read and understand the Terms and Conditions before signing and executing this form

SPECIAL TERMS AND CONDITIONS

The terms and conditions set herein below shall be equally binding on the Broker and the Account Holder(s).

1. All transactions of Securities between the parties shall be subject to the Articles, Rules and Regulations of the relevant Exchange, revisedpolicies, Board Directions and new regulations to be framed in pursuance of Section 34 of the Securities & Exchange Ordinance, 1969.

Moreover, all applicable provisions of the Securities & Exchange Ordinance, 1969 read with the Securities & Exchange Commission ofPakistan Act, 1997, Brokers and Agents Registration Rules, 2001, Securities and Exchange Rules, 1971 and all directions/directivespassed from t ime to time to regulate the trades between the parties and to regulate Brokers conduct and the Central DepositoryCompanies of Pakistan Act, 1997, Rules framed there under and the National Clearing and Settlement System Regulations and any otherlaw for the time being inforce. The Broker shall ensure provisions of copies of all the above Laws, Rules and Regulations at his office foraccess to the Account Holder(s) during working hours.

1/ We, the Account Holder(s), hereby fully authorize the Broker to utilize my / our monies deposited / maintained in the separate bankaccount of the clients of the Broker, for any purpose deemed fit bythe Broker.

2.

3. The Broker shall be authorized to act on the verbal instructions of the Account Holder(s). The Broker shall provide a written confirmationof the executed transactions as required under Rule 4(4) ofthe Securities & Exchange Rules, 1971, and all such transactions recorded bythe Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subjectto clause 5 below.

orThe Account Holder(s) may also give written instructions for the sale / Purchaseof securities to the Broker. The Broker shall provide a written

confirmation of the execyted transactions as required under Rule 4(4) of the Securities & Exchange Rules, 1971, and all such transactionsrecorded by the Broker in his books shall be conclusive and binding upon the Account Holder(s), which shall not be questioned by him/her/them, subject to Clause 5 below.

The Broker shall provide the confirmation of the executed transactions to the Account Holder at the above stated address by means ofacceptable mode of communication or by hand subject to acknowledgment receipt as noted in Clause 18, within twenty four (24) hours ofthe execution of the order.

4.

5. In case there are any error(s) in the dai ly confirmation statement, the Account Holder(s) shall report the same to the Broker wi thin onebusiness day of the receipt of confirmation. In case the Account Holder(s) do not respond within one business day of the receipt of the saiddaily confirmation statement, the confirmation statement shall be deemed conclusively accepted by theAccount Holder(s).

In the event that the Account Holder(s) fai l(s) to deposit additional cash or Securities as margin within one business day of the margin call(in writing), the Broker shall have absolute discretion to and, without any further notice to Account Holder(s), liquidate the Account Holder(s) -outstanding positions, including the Securities purchased and carried in such Account, at the sole risk and responsibil ity of the AccountHolder(s) without incurring any liabili ty against the Broker arising out of such action, so that the margin is maintained at the required level,or the losses suffered by the Broker, can be recovered.

6.

7.(i) The Broker shall be responsible to ensure delivery of CDC eligible securities in the CDC account of the Account Holder(s), subject to ful lpayment by the Account Holder(s), in the manner indicated in Clause 8 hereafter. In case of companies which are not on the CDS, theBroker shall ensure delivery of physical shares along with verified transfer deeds against payments, to the Account Holder(s). Further, theBroker shall be responsible for the payment of any credit cash balance available in the Account of the Account Holder preferably in form ofAlc Payee cross cheque only wi thin 1 business day of the request of the Account Holder(s) (subject to the maintenance of the marginrequirements, and adjustment of any legitimate claims of the Broker).

7.(ii) In the event of non-receipt of payment from the Account Holder on settlement day against securities bought on account of the Account Holder,the Broker may transfer such securities to his collateral Account under intimation to the Exchange, after complying with the requirements asmentioned in the General Regulations of the Exchange.

8.(i) The Broker shall be entit led to insist upon any particular method of payment , which may even include cash (in case of amounts notexceeding Rs. 25,000/-,

or

by "Alc Payee Only" crossed cheque, demand draft, State Bank of Pakistan's cheque or Manager's Cheque, (in case of amounts inexcessof Rs. 25,000/-).The Broker shall be responsible to provide the receipt to the Account Holder(s) in the name of the Account Holder(s) dulysigned by authorized agents/employee of the Broker and the Account Holder(s) shall be responsible to obtain the receipt thereof. In case

of cash dealings, proper receipt wil l be taken and given to the Account Holder(s), specifically mentioning if payment is for margin or thepurchase of Securities. The Broker shall immediately deposit in its bank account all cash received in whole i.e, no payments shall be madefrom the cash received from clients.

8.(ii) The Account Holder(s) shall pay to the Broker for all purchases removal of the last working session of the clearing of the relevantExchange, all amounts due in respect of Securities that have been purchased or transactions carried out by the Broker on the instructionsof the Account Holder(s), whether or not the Account Holder(s) has/have received Invoice/Bil ls in respect thereof. For the purpose of thisClause, a Certi ficate by the Broker that a particular amount is due in this regard, shall be the conclusive proof thereof and shall be bindingupon and not called in question by the Account Holder(s).

8.(ii i)ln case of any amount due from the Account Holder(s), as may be certi fied by the Broker in respect of Securities purchased on account ofthe Account Holder(s), has not been paid by the Account Holder(s) within the period specified in Clause 8(i i) above, the Broker shall havethe right to sett le the outstanding amounts out of any money(ies) or margin of the Account Holder(s) ly ing wi th the Broker or from anymoney(ies) realized from the sale of Securities or any other property held bythe Broker as margin or security and the Broker shall have anunfettered right and power to sell, transfer and dispose off such assets and/or the margin or security as the Broker may deem fit .

8.(iv)ln case of sale contract, the Account Holder(s) shall, before the start of the last working session of the clearing of the relevant Exchange,deposit with the Broker the Securit ies which he/she/ they/i t has/have instructed the Broker to sell. The Account Holder(s) shall beresponsible to ensure that such Securities are in a state and form whereby they can be marketed, delivered and transferred. The AccountHolder(s) also undertake(s) to comply with the directions of the Broker-for regularization of any defect, mistake, discrepancy or irregularityor any such matter in respect thereof.

count HOlder" Joint Account Holder Broker

4

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SAMPLE



~FoundationrJ Secu rities

8.(v) Without prejudice to the Broker's rights, remedies and resources mE?ntionedn any of the preceding Clauses, in the event of the Account

Holder(s) failure to make the payment against a purchase contract as mentioned in Clauses 8(ii) and 8(iii) above, or to deliver or depositthe Securit ies against a sale contract, as mentioned in Clause 8(iv) above, and/or to deposit and maintain the margin as mentioned in theMargin Deposit condition mentioned above in this Form, the Broker shall have the right to square up and liquidate the Account Holder(s)'outstanding position(s) and recover all outstanding due from the Account HOlder(s), including losses, damages, costs and expenses whichthe Broker may suffer or sustain out of any Margin or Secur it ies or collaterals that may be held by the Broker at the relevant time. TheAccount Holder(s) shall continue to be liable for any shortfall.

8.(v i)without prejudice to the other terms & condit ions agreed between Foundat ion Securi ties (Pvt) Limited and the client, it is agreed thatif any amount(s) standing due against the client is not paid on the due date(s), Foundation Securi ties (Pvt) Limited shell have the right

charge the client late payment charges at a rate to be communicated inwrit ing to the client.

9.The members shall make all the payments of Rs. 25000/- and above, through crossed cheques / bank drafts / pay orders or any othercrossed banking instruments showing payment of amount from their business bank account. Copies of these payment instrumentsincluding cheques, pay orders, demand drafts and online instructions shall be kept in record for a minimum period of five years .

10. The Account Holder(s) shall have a right to obtain a copy of his/her/their ledger statement under official seal and signature of the Broker orhis authorized representative on monthly basis and otherwise as and when required by the Account Holder(s)' at a reasonable cost to theAccount Holder(s). Incase of any discrepancy in the ledger statement, the Account Holder(s) shall inform the Broker within 1 (one) day ofreceipt of the ledger statement.

11. The Account Holder (s) shall operate the account and execute transactions himself / herself / themselves unless the Account Holder(s)authorize Mr.lMs.l CNIC No. (Authorized Person) to transact in theaccount in which event the transactions shall be executed by the Authorized Person on behalf of the Account Holder(s). All transactionsexecuted by the Authorized Person shall be binding upon the Account Holder(s).

1"2. For Joint Account Holder(s) only:

We, the Account Holders shall operate the account jointly or severally and the instructions issued either jointly or severally shall be bindingon usas well as upon the Broker in respect ofthe joint tit led account,

or

Our tit led account shall be operated only by

the joint account or issuing any instructions relating thereto.

13. The Broker shall be responsible to append a list of his authorized agents/traders and designated employees, who can deal with the AccountHolder(s), with this Account opening form and a copy of both the opening form and the list wil l be provided to the Account Holder(s). Anychange therein shall be intimated in writing to the Account Holder(s) with immediate effect. The Account Holder(s) shall not deal with anyperson at the Broker's off ice, except with the Broker's authorized agents/traders and designated employees. The Broker shall not beresponsible for any dealings between the Account Holder(s) and any unauthorized person.

who shall be deemed as the Authorized Person for operating

14. The Broker shall debit the account of the Account Holder(s ) for the commission charges or any other charges in connection with thebrokerage services rendered, which shall be clearly detailed in the ledger statemenUdaily confirmations. The Account Holder(s) agree(s) topay such commission at such rates and on such basis as the Broker may from time to time advise to the Account Holder(s), either verballyor inwrit ing, in accordance with prescribed rates stipulated by the relevant Exchange or at such rates as the Broker may decide within thelimits stipulated by the relevant Exchange. Besides, the Broker is also author ized to col lect any levies, charges, taxes, rates, dut ies,including central excise duties, sales tax, etc. on each transaction as may be levied by the Federal, Provincial or Local Government(s), theCommission, the Exchanges and/or the CDC. In case any withholding tax is applicable on payments to bemade to the Account Holder(s),the same shall be withheld in accordance with the pertinent laws, rules and regulations.

15. The Broker shall not disclos.e the information of the transactions of the Account Holder(s) to any third party and shall maintain theconfidentiality of this information. However, in case any appropriate Court, Tribunal, Exchange, the Commission, the State Bank, theInvestigating Agencies (such as NAB, FIA,ANF, etc.) or the Federal or Provincial or Local Government(s) as the case may be, in exerciseof its/their powers under the law require(s) any such information, the Broker shall be obliged to disclose the same for which the AccountHolder(s) shall not raise any objection whatsoever.

16. In case, a Broker converts his individual membership rights to corporate membership and vice versa, or in case of merger of the Broker'scorporate membership with another entity, tbe agreement and conditions laid down herein above shall remain effective, unless otherwisemutually agreed by the parties.

17. All orders received telephonically and placed on KATS shall be supported by recording on dedicated telephonic lines, preferably connectedwith a computerized taping system so as the orders could possibly besorted on UIN basis andmade user friendly.

18. Acceptable mode of communication between the Account Holder(s) and the Broker shall be through letter (courier/registered post/fax/E-mail) or by hand subject to receipt/acknowledgment, as per the medium chosen by the Account HOlder(s) inthe tit le page of this Account

Opening Form. The onus of prov ing that the e-mail has been received by the recipient shall be on the sender sending the e-mail.Confirmation of orders to clients made through fax or e-mail wil l have a time record. The Broker may, however, at its discretion, insist upona particular mode of receiving instructions from the Client inone ofthe above mentioned modes of communication and shall be further at a

liberty to record, tape or in any other manner store such instructions. Any voice recordingmade by the Broker shall constitute evidence ofthe communication so recorded for such instructions.

19. In case of change of address or contact numbers ofeither party,the concerned party shall immediately notify the other party of the changesin wri ting. The Account Holder(s) further undertake(s) to promptly noti fy the Broker in writ ing of any change in the List of Author izedPerson(s), as set out in this Account Opening Form. No change thereto shall be effective and the Broker shall be ent it led to rely on theinformation pertaining to the Authorized Person(s) and the particulars, as recorded with the Broker without incurring any liability fordoingso, unti l such time that the Broker is so not if ied in writ ing along with the credent ials and specimen signature(s) of the replacementAuthorized Person(s).

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ccountHolder Joint Account Holder Broker

5

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!Foundationr)Securities

20. The Account can be closed by either party upon given the other party 15 (fifteen) days prior written notice to the other. Upon service ofsuch notice, no further transactions of Securities will beexecuted by the Broker on Account of the Account Holder(s), except that all pendingorders shall be executed and all settlement shall be made on the effective date of such termination. This iswithout prejudice to the right ofthe Broker to close the Account and to square off the Account Holder(s)' position and recover all outstanding, dues, losses, etc. without anyprior notice in event of non-payment or breach of any of the terms and conditions of this Agreement by the Account Holder(s). The AccountHolder(s) shall continue to be liable for any shortfall.

21. II We, the Account Holder(s) acknowledge receipt of this account opening form (signed here by melus in duplicate) along with the copiesof all the annexure and II we, the Account Holder(s) also undertake that II we have understood all the above terms and conditions of thisagreement which are acceptable to me I us.

22. II We, the Account Holder(s) understand(s) that the shares trading business carries risk and subject to the due dil igence on part of thebroker. II we may incur losses for which Ilwe, the Account Holder(s) shall not hold the Broker responsible. The Account Holder(s) further

acknowledge(s) that the prices of the Securities do fluctuate abruptly and instantly and investments in Securities may experience abruptupward and downward movements and may even become valueless. The Broker shall not be liable for any fluctuations in the prices ofSecur it ies due to purchase and sale on the day of the transaction and the net price ment ioned in conf irmat ion shal l be accepted asconcluded final price and shall be binding upon the Account Holder(s) and the Broker.

II We, the Account Holder(s) further confirm that all information given in this application is true and complete and hereby authorize theBroker to verify any information mentioned above from any sources deemed appropriate by the Broker.

23

c."

.,.... II.Name: Signature:

Designation:

Signature:

Joint Account Holder Broker

6

SAMPLE



lFoundation

~)Securities

IMPORTANT


TERMS AND CONDITIONS FOR ONLINE TRADING

These terms and conditions are in addition to the other terms and conditions of this Account Opening Form and are applicable only in case ofOnline Trading:

(a) Online trading will be permitted through an online trading system of the Broker, which will act for the purpose of buying and selling securities,

including Leverage Product at the Stock Exchange (Online Exchange).

J

(b) A password or (personal identification number) PIN wil l be issued to the Account Holder(s) by the Broker to enable the Account Holder(s) tohave an access to and use this Account for online trading. The Password/PIN may be communicated through email or through any courierto the Account Holder(s) at his/her/their/i ts own risk. The Account Holder(s) shall not disclose the Password / PIN to any person and shalltake every reasonable precaution to prevent discovery of the Password/PIN by any other person. The Account Holder(s) shall immediatelychange the password/PIN as soon as it is received from the Broker.

(c) Broker may electronically transfer delivery of confirmation, statements and other notices in connection with Electronic/Online Trading. It shallbe the responsibility of the Account Holder(s) to review, upon receipt of e-mails, confirmation statement, notices, margin and maintenancecalls whether delivered by mail, e-mail or electronic terminal at the discretion of the Broker. If the Password / PIN is disclosed to any thirdparty the Account Holder(s) should immediately notify the same to the Broker. The Account Holder(s) will immediately notify of any loss, theftor unauthorized use of his/her/their/its account number and Password / PIN. The Account Holder(s) shall immediately notify and changehis/her/its/their e-mail or other address as mentioned in the Account Opening Form.

(d) All risks connected and involved with Electronic/Online Trading will be assumed fully bythe Account Holder(s). Neither the Broker nor anyof i ts directors or off icers would be responsible or liable in any manner for any losses or damages that may be suffered by the AccountHolder(s) including those due to the misuse of the Account Holder(s) Password or PIN, hacking of l ines, outages and slow downs in theinternet connection and piracy of Account Holder(s) information and affairs by unscrupulous persons.

(e) The Brokermay at any time and from time to time require additional margin intheAccount (in cash or Securities) before executing any Ordersor undertaking any Transactions through Online Trading Facil ity on account of the Account Holder(s). The amount and timing may varydepending on factors solely at Broker's discretion. Broker shall have the right to liquidate the Account Holder(s) Trading position(s) if theAccount margin is insufficient at any time.

(f) The Broker may at its discretion elect with or without notice to square off the Account Holder(s) Account ad make obligations inthe Accountimmediately due and payable bythe Account Holder(s) without assigning any reason.

(g) All other term and conditions including Special Terms and Conditions and CDC Terms and Conditions of this Account Opening Form shall

be equally applicable to Online Trading Account(s).

~~ccount Holder Joint Account Holder Broker

7- ............... --'- ...

SAMPLE



.llFoundation))Securities

Annexure "A"

Foundat ion Securities (Private) Limited

Ground Floor

Bahria Complex # 2

M.T Khan Road

Karachi.

POWER OFATTORNEY

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7

(Authorized Person)

Dear Sir,

This is with reference to Clause (11) and in case of Joint Account c lause (12) ofAccount Opening Form

II We the Account Holder(s) by way of this letter hereby authorize Mr. I Miss I Mrs.

having CNIC number slo I dlo I wlo Mr.

on my lour behalf. II We confirm that all transactions executed by the above -mention

by me and shall be binding in all respects upon the Account Holder(s).

to transact in the account,Authorized Person shall not be questioned I disputed

II We undertake that in the event of terminationlwithdrawal of this autho1Y' the FSL (Broker) shall be notified immediately and promptly inwri ting. However all the transaction executed before the delivery of said notice to the broker shall be binding on Account Holders in all respects.

~

Specimen Signature of Authorized Person: ~

Signature:

Signature:

8

SAMPLE



J.Foundationr)Securities

RESOLUTION UNDERARTICLE

OFASSOCIATION OF

Annexure liB"

OF THE MEMORAN

LIMITED

RESOLVEDthatanapplicationbemadeon behalfof Limited(" t~ Company")to FoundationSecurities(Pvt.) Limited

("broker")for openinganAccountand for the afore-saidpurposethe accountopeningfirm includingTermsandConditionsas setout herein

be executedon behalfof Limited.

FURTHER Resolved that Mr./Ms. (insert designati ) of the Company and Mr./Ms.

(insert designation) of the company be and are hereby authorized and empower, d jointly for and on behalf of Limited

to sign and execute and deliver this Account Opening form and Terms and ondit ions and Others documents in connection therewith, and to

do any other act, deed or thing for and on behalf of Limited in respect of the Company's application for opening an

Account.

RESOLVED further that Mr./Ms. and (insert designations) of the Company

(the "authorized officers') be and are hereby authorized and e powered jointly to represent to the broker on all matters pertaining to the

maintenance and operation of the Account, to deal, l iaise and orrespond with broker and give instructions to fulfi ll al l the responsibi li ties and

obligations to broker under the law, Rules and Regulations d the Terms and Conditions in relation to the account from time to time, and to

deal with other incidental and ancillary acts, things and deedv.

Signature of Directors

\:t

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1.

4. 5.

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I.

lFoundation

SUB-ACCOUNT OPENING FORM FOR INDIVIDUALS

(Sub-Accounts are opened and maintained by Participants in accordance with the CDC Regulations made pursuantto Section 4 of the Central Depositories Act, 1997)

I Nature of Account ~(Please use BLOCK LETTERS to f il l the form)

I/We hereby apply for opening of my/our Sub-Acc ount under the Account Famil y of Foundation Securities Private Limited (hereinafter referred to as

"Participant") maintained in the Central Depository System ("CDS") of the Central Depository Company of Pakistan Limited ("CDC"). My/ourparticulars are gi ven as under.

. "."".. "-I .

1.Fullnameof Applicant (As per CNIC / NICOP / Passport) MR.IMRS. IMS. ~1

2. Father's I """eh~n"'e N"m..:

164Lt)IA

(c) Contact No:

4. Computerized National Identity Card No:

(For resident Pakistani)

5.Expiry date of CNIC:

6. NICOP No:

(For non-resident Pakistani)

7. Expiry date of NICOP:

.~

8. Passport details: Passport Number: Place of Issue:(For a foreigner or a Pakistani origin) D t f I D f E

.a e 0 ssue: ate a Xplry:

9.Details of Contact Person: [Note:Contact Person shall not be the person other than the Main Applicant. anyone of the Joint Applicant or their Attorney.WhereContactPerson is theMainApplicant or anyof the JointApplicant,please onlyprovide thenamebelow.In caseofAttorney,pleaseprovidedetails in

(a) to (h) belowl

(a) Name: MR. I MRS. I MS.

(b) Relationshipl association of the Attorney with the Main Applicant:

(c) Address:

(d) Computerized Nat ional Identity Card No:

(e) Expiry date of CNIC:

(f) Contact No: (9) Fax: (optional) (h) Email: (optional)

10. Share holder's Category: INDIVIDUAL

(b) Name of Employer / Business:

(d) Address of Employer / Business:

11. (a) Occupation:[Pleasetick (v) theappropriatebox]

~~gnatures: ~

~ 7

ain Applicant Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

(For.officialus.ofthe Participantnly)

Application Form No:

CDS Participant ID:

Sub-Account No:

Trading Account No:(if applicable)

SAMPLE



I.

!Foundationr)Securities

1. Full name of Applicant (As per CNIC I NICOP I Passport) MR.I MRS. I MS.



(Address should be dif ferent from Participant's business address)

4. (a) Contact No: I (b) Fax: (optional)5. Computerized National Identity Card No:


6. Expiry date of CNIC:

7. NICOP No:

(For non-resident Pakistani)




(Address should be different from Participant's business address)

4. (a)ContactNo: I (b) Fax: (optional)5. Computerized National Identity Card No:



7. NICOP No:

(For non- resident Pakistani)


9. Passport details:

(For a Foreigner or a Pakistani origin)

.(c) Job Title I Designation:

o... .

PERSONAL! INFORMATION -~OINT APPLICANT NO.3

1. ~ull name of Applicant (As per CNIC I NICOP I Passport) MR. I MRS. I MS.



(Address should be dif ferent from Participant's business address)

4. (a) Contact No: I (b) Fax: (optional)5. Computerized National Identity Card No:



7. NICOP No:

(For non- resident Pakistani)


f Employer I Business:

(d) Mdress of Employer I Business:

Mai Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

11

SAMPLE



-----------,.

r)Securitiesc - OTHER INFORMATION

(a) Account Title:

(c) Name of Bank:

(e) Address:

2. National Tax No: (Optional)

3. Nationality:

5.If you are maintaining any SpecialConvertible Rupee Account ("SCRA"),please provide details in (a) to (c): I (c) Branch Details:

(b) Bank.Name:

P.leasetick ('" ) the appropriate box

(a) Name of Nominee:

(b) Father's/Ht:lsl3aREfsName:

6. Zakat Status:

(If, according to the Fiqh of the Applicant(s), Zakat deduction is not applicable, then relevantDeclaration on prescribed format shall be submitted with the concerned Issuer and theParticipant)

7. Particulars of nominee

(Optional but if desired,

nomination should only bemade in case of sole individual

and not joint account)

(c) Relationship with Main Applicant:[Pleaseick ("') appropriatebox]

[In case of death of Sub-AccountHolder: Nomination maybe madein terms of requirements ofSection 80 of the CompaniesOrdinance, 1984,which inter alia

requiresthat person nominated asaforesaid shall not be a personother than the following relativesof the Sub-Account Holder,

namely: a spouse, father,mother,brother, sister and son or

daughter, including a step oradopted child.]

(d) Address: !!

(e) CNIC No:

( in case of a resident Pakistani)

(f) Expiiy date of CNIC:

(g) NICOP No:( in case of a non-resident Pakistani)

(h) Expiry date of NICOP:

Passport Number:

(i) Passport details:(In caseof a foreigner or a Pakistani origin)

Place of Issue:

Date of Issue:

Date of Expiry:

U) Contact No:

(I) E-mail: (optional)

(k) Fax: (optional)

(a) For SMS Service, please provide local mobile number of your Contact Person:

(b) Ifyou do not wish to subscribe to SMS Service, please sign here:

2. Do you wish to subscribe to free of cost IVR Service? [Please tick ('") the appropriate box]

3. Do you wish to subscribe to free of cost Web Service? [Please tick ("') the appropriate box]

(b) Mother's Maiden Name:

SAMPLE



--- -- --

~FoundationrJSecurities

E - SUB-ACCOUNT OPERAT .1. Signatory(ies ) to give instruction to the Participant

pertaining to the operat ions of the Sub-Account.

(P/ease specify sub- account operating instructions in therelevant column along with names and specimen signatures of

authorised signatories)

2. Sub-Account Operating Instructions:[Please ('") appropriatebox]

:-. ."

The following information is required to be verified by the Bank Manager only where the Main Applicant is maintaining bank account:

Particulars of Main Applicant:

Bank Account Title:

Bank Account No:

Address of Applicant:

Signature of Applicant:

We do hereby verify the above part iculars and s ignature of our above account holder:

" ~ized Officer:

I/we the undersigned, hereby give my/our express authority to the Participant under Section 12 and Section 24 of the Central Deposit~rl f, 1997to handle Book-entry Securities beneficially owned by me / us and entered in my / our Sub-Account maintained with the Participant for securitiestransactions that are exclusively meant for the following purposes:

a.

b.Forsettlement of any underlyingmarkettransactions (trades) includingoffmarkettransactions made by me/ us from time to time;For pledge securities transactions with any Stock Exchange or a Clearing Company relating to any of my / our underlying market transactions

(trades) to be settled through the Clearing Company fromtime to time;

For the recovery of payment against any underlying market purchase transactions made by me / us fromtime to time;

Movement by me / us from time to time of my / our Book-entry securities from my / our Sub-account under the MainAccount under the control

of the participant to my / our Sub-account under another MainAccount under the control of the Participant or to my / our Sub-account under

any MainAccount which is under the control of another participant or to my / our Investor Account;

Securities transactionwhichhas been made bywayof a giftofsecurities byme / usto my/ our familymembers or other persons in accordingwith the CDC regulations from time to time;

Securities transactions pertainingto any lendingor borrowingofSecuritiesmadeby me/ usfromtime to timein accordance with the CDCRegulations;

For the recovery of any charges or losses agains t any or al l of the above transactions carried out by me / us or services availed; and / or

Delivery Transaction made by me / us for any other purposes as prescribed by the commission from time to time.

c.

d.

e.

. g.h.

Specific authority on each occasion shall be given by me / us to the Participant for handling of Book-entry Securities beneficially owned by me / us

for all other purposes as permitted under the applicable laws and regulations.

Note: Please note that above shall serve as a one-time fixed authorization to the Part ic ipant for handling of Book-entry Securities owned by the

undersigned Sub-Account Holder(s) and entered in his/her/their Sub-Account maintained with the Participant. Handling of Book-entry Securities for

all other purposes should however require specific authority in wri ting from the undersigned Sub-Account Holder(s) infavour of the Part ic ipant . For

handl ing of Book-entry Securities worth Rs. 500,000/- and above, the above ment ioned specif ic authority shall be obtained on non-judicial stamp paper.

Joint Applicant 1 Joint Applicant 2 Joint Applicant 3 Participant

13- - ------ ---~

SAMPLE



------ - - -- --- - -- ---

lFoundation

~)SecuritiesIMPORTANT


TERMS AND CONDITIONS

The Terms and Conditions set herein below shall govern the Sub-Account forming part of the Account Family of the CDS Participant Account ofthe Participant,

which shall be binding on the Sub-Account Holder as well as the Participant:

1. Provisions of the Central Depositories Act, 1997 ("the Act") and the Central Depository Company of Pakistan Limited Regulations ("the Regulations") as

amended from time to time and the CDC's Operating Manual/Operating Instructions developed and issued pursuant thereto from time to time and any otherby-laws, directives of the Securities and Exchange Commission of Pakistan issued from time to time, shall govern the opening, maintenance and operations ofthe Sub-Account.

Each page of this form should be duly signed bythe Applicant (and joint applicants ifany) and the Participant or any authorized person of the Participant ..

3. The Participant shall ensure provision of copies of all the relevant laws, rules and regulations at hisoffice for access to the Sub-Account Holder(s) during

working hours.

The Participant shall provide a list of his authorized agents/traders and designated employees, who can deal with the Sub-Account Holder(s) from time to

time. Any change(s) therein shall forthwith be intimated inwriting to the Sub-Account Holder(s).

4.

5. The Registration Details and such other information specified by the Applicant inthis form for opening of the Sub-Account appear inthe Sub-Account to be

established by the Participant inthe Central Depository System who shall ensure the correctness and completeness of the same. Any change therein notif ied

by the Sub-Account Holder from time totime inwriting to the Participant shall reflect inthe Sub-Account of such Sub-Account Holder.

6. The Book-entry Securit ies owned by the Sub-Account Holder shall be exclusively entered inthe Sub-Account of such Sub-Account Holder.

7. Transfer, Pledgeand Withdrawal of Book-entry Securities entered in theSub-Accountof theSub-AccountHoldershall only be madefrom time to time in accordancewith the authorization given by the Sub-Account Hoider to the Participant in Part (G) above pursuant to Section 12and 24 of the Act. Suchauthorization shall

constitutes the congregated / entire authorizations by the Sub-Account Holder(s) in favour of the Participant and supersedes andcancels all prior authorizations(oral,written or electronic) including any different, conflicting or additional terms which appear on any agreement or form the Sub-Account Holder(s)has executedin favour of the Participant.

8. Participant shall be liable to give due and timely eftect to the instructions ofthe Sub-Account Holder given in terms ofthe above-referred authorization with

respect totransfer, pledge and withdrawal of Book-entry Securit ies entered in his Sub-Account under the control of the Participant. Such instructions, amongother matters, may include closing of Sub-Account,

9. Participant shall send within 10 days of end of each quarter Account Balance statement to the Sub-Account Holder without any fee or charge showing the

number of every Book-entry Security entered in his Sub-Account as ofthe end of the preceding quarter. SuchAccount Balance statement shall be generated

from the CDS. Further, the Sub-Account Holder may request for such statement ( including Account Act iv ity reports) f rom the Participant at any t ime on

payment of a fee on cost basis as prescribed by the Participant. The Participant shall be liable to provide such report/statement to the Sub-Account Holder

within 3 Business Days from the date of receipt of such request, with or without charges.

In consideration for the facilities and services provided to the Sub-Account Holder bythe Participant,the Sub-Account Holdershall pay fees and charges to theParticipant as applicable for availing such facilities and services under the Act. the Regulations andthese Terms & Conditions. In case of outstanding payment

against any underlying market purchase transaction, charges and/orlosses against the Sub-Account Holder, the Participant shall have the right,subject to Clause

7 above and under prior intimation to the Sub-Account Holder to clear the payment, charges and/or losses(including any shortfallin margin requirements) withinthe reasonable time prescribed by the Participant, to dispose oft the necessary number of Book-entry Securit ies of the Sub-Account Holder and apply the net.

proceeds thereof towards the adjustment of such outstanding payment. charges and/or losses, provided that the Participant shall report the disposal of suchSecurit ies to the relevant Stock Exchange as an oft-market transaction where the Securit ies are transferred from the Sub-Account tothe House Account of theParticipant.

10.

11. Participant shall have the right, subject to 20 Business Days prior written notice to the Sub-Account Holder to close the Su~-A~count if it becomes dormant

with no holding balances. No Sub-Account shall be treated as dormant unless there is no activity for continuous six months.

12. Where admission of Participant tothe CDS is suspended or terminated by the CDC, the Sub-Account Holder shall have the right, subject to the Regulationsand the Procedures made thereunder, to request CDC to change his Controlling Account Holder and Participant shall extend full cooperation to the Sub-

Account Holder in every regard, without prejudice to his right of recovery of any dues or receivable from the Sub-Account Holder.

In case of a Joint Account, all obligations and liabilities in relation tothis Sub-Account or under these Terms and Conditions shall bejoint and several.3.

14. These Terms and Conditions shall be binding on the Participant's nominee, legal representative, successors in interest and/or permitted assigns.

15. In the event of any confl ic t between these Terms and Conditions and the terms and conditions contained in Trading Account Opening Form or any other

forms/authorizations prescribed by the Participant or otherwise, the Terms and Conditions contained herein shall prevail , insofar as it is related to the

custodial services to be provided by the Participant under the legal framework of CDC.

16. The provision of services as provided for hereunder shall not constitute Participant as trustee and the Participant shall have no trust or other obligation in

respect of the Book-entry Securit ies except as agreed by the Participant separately in writing.

17. The Participant is not acting under this application form as Investment Manager or Investment Advisor to the Sub-Account Holder(s).

18. The Participant should ensure due protection to the Sub-Account Holder regarding rights to dividend, rights or bonus shares etc. in respect of transactions

routed through him and not do anything which is l ikely to harm the interest of the Sub-Account Holder with/ from whom it may have had transactions insecurities.

19. Subject to Section 21 ofthe Act, Participant shall maintain complete confidentiality of any information or document that is in his knowledge or possession

or control relating to the aftairs of the Sub-Account Holder(s), and in particular, relating to their Sub-Account(s), and shall notgive, divulge, reveal or otherwisedisclose such information or document to any other person.

20. These Terms and Conditions shall be deemed so have been amended, altered and/or modified if rights and duties ofthe parties hereto are altered by virtue

of change in law, rules, regulations etc. of SECP and/or articles, rules, regulations ofthe Stock Exchanges and/or the Act, CDC Regulations, CDC's OperatingManual/Operating Procedures and/or any circular, directive or direction issued therein, such changes shall be deemed to have been incorporated and modified

the rights and duties ofthe parties hereto.

The Participant shall ofter IVRIWeb/ SMS (CDS access) facility to the Sub-Account Holaer as a mandatory requirement.1.

22. The Participant shall ensure that duly filled in and signed copy of this form along with the acknowledgement receipt is provided tothe Sub-Account Holder.

Signatures:

-;~fI1iainAPPlica: Participantoint Applicant 1 Joint Applicant 2 Joint Applicant 3

14

SAMPLE



.lFoundati oni)5ecurities

DECLARATION & UNDERTAKING

f)

g)

I /We, the undersigned, hereby declare that:

a) I/We am/are not minor(s);

b) I/We am/are of sound mind;

c) I/We have not applied to be adjudicated as an insolvent and that I/We have not suspended payment and that I/We have not compounded with my/our

creditors; .

d) I/We am/are not an undischarged insolvent;

e) I/We conf irm having read and understood the above Terms and Conditions and I/We hereby uncondi tional ly and irrevocably agree and undertaketo be bound by and to comply with the above Terms and Conditions and any other terms and conditions which may be notified from time to time with

the approval of the concerned author ities modi fy ing or substi tuting all or any of the above Terms and Condit ions in connect ion wi th the opening,maintenance and operation of the Sub-Account;

I/We, being the Applicant(s) , hereby fur ther confi rm that all the information contained in this form is t rue and correct to the best of my/our knowledgeas on the date of making this appl icat ion;

I /We further agree that any false/misleading information by me/us or suspension of any material fact wi ll render my/our Sub-Account liable fortermination and further action under the law; and

I/We hereby now apply for opening, maintaining, operation of Sub-Account forming part of the Account Fami ly of CDS Participant Account ofParticipant.

h)

DISCLAIMER FOR CDe ACCESS

The main objective of providing information, reports and account maintenance services through the Interactive Voice Response System, Internet I Web access

and Short Messaging Service ("SMS") or any other value added service is to facil itate the Sub-Account Holders ("Users") wi th a more modern way to accessthei r information. CDC makes no other warranty of the IVR, Internet/Web access, SMS or any other value added serv ices and Users hereby unconditional lyagree that they shall make use of the internet /web access subject to all hazards and c ircumstances as exist wi th the use of the internet. CDC shal l not be l iable

to any Users for providing and making available such services and for failure or delay inthe provision of SMS to Users and all Users, who use the IVR, internet

access, SMS or any other value added services, shall be deemed to have indemnified CDC, its directors, offices and employees for the time being in officeand held them harmless f rom and against any losses, damages, costs and expenses incurred or suffered by them as a consequence of use of the IVR system,internet/web access, SMS or any other value added services.

Al l Users hereby warrant and agree that thei r access of the internet/web by the use ofa User- ID and login is an advanced elect ronic s ignature and upon issuanceof such User-ID to the user, they hereby waive any r ight to raise any object ion to the compl iance of the User-ID and login wi th the cr iteria of an advance elect ronicsignature.

All Users shall by signing this Form and by their conduct of accessing the IVR, internet/Web access, SMS or any other value added services. agree to all theterms and conditions and terms of use as shall appear on the CDC website at www.cdcaccess.com.pk which shall be deemed to have been read and agreedto by the Users before s igning this form.

Name of Applicant: ~ T L ~ L.. 4-\ \J~ So. 1.

Date:) b - l.. - 2-b \ ~Place:

Date:Place:

Signature: ~~~:Name of Joint Applicant No 1: Signature:

Name of Joint Applicant No 2:Date:

Place:

Date:Place:

Signature:

Name of Joint Applicant No 3: Signature:

For and on behalf of

(In case if signed by the Attorney onbehalf of the Applicant(s)

IIwe hereby agree to admit the Appl icant(s) as the Sub-Account Holder(s) in terms of the above Terms and Conditions as amended f rom time to time and shal l

abide by the same in respect of opening, maintenance and operation of such Sub-Account.

Name of Participant:

Date:

Participant's Seal & Signature:

Witnesses:

1. Attested copy of CNIC I NICOP I Passport of the Applicants I Joint Applicants I nominee(s) (as the case may be)2. Duly notarised Power of Attorney' (if applicable)

3. Zakat Declaration of the Applicant and the Joint Applicant (if applicable)4. Attested copy of NTN Certificate (if applicable)

. Where the Applicant is a non-resident or foreigner, duly consu larized copy of Power of Attorn'ey by the Consul General of Pakistan

having jurisdiction over the Applicant(s) should be submitted.

Particulars of Sub-Account Opening Form verified by:

Application:

Sub-Account no. issued:

Stamp:

Signature: (Authorized signatory) Date:

Account opened by:

Saved by:

Signature:

Remarks: (if any)

Date:Posted by:Signature: Date:

~

SAMPLE



------ --------- - --- -

~Foundation1JSecurities

Author ized Person:

1.

2.

PKRS. vide Cheque I P.O I DD I TT #: dated: (Please attach copy of instrument)

Detail of Shares to be transferred.

-'"Head of Operations:

Signature: Signature: Signature:

Approvedl Not Approved to be signed by C.E.O I G.M.Equities.

Chief Executive I G.M. Equities:'

.'

..', ..,Stock '.".". .'... d':1 ". ....,. iQuantity' "",< .."".."'1' "Transferor.: ".,"'.. .., ,..','...!

, '.. " . ..' ..' " '

1.

2.

3.

4.

5.

Remarks (if any):I-"--_....

.....

_.>.

..".... _.. - . '

.'::..

Application No: Date of receipt:

I /We hereby confirm and acknowledge the receipt of duly f il led and signed Sub-Account Opening Form from the fol lowing Appl icant:

[Insert Name of Applicant(s)] Participant's Seal & Signature:

1.

2.

3.

4.

SAMPLE

Documents

Foundation Securities Form Stock Sample